Company Valuation: Gentex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,243 6,397 7,618 6,534 5,095 4,989 - -
Change - -22.39% 19.09% -14.23% -22.03% -2.08% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,719 4,682 4,624
Change - -22.77% 19.77% -14.89% -21.17% -4.65% -0.78% -1.24%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 11.4x 10.5x 9.22x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.87x 1.68x 1.57x
PEG - -2.15x 0.5x -3.75x -11.79x 0.6x 1.15x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.87x 1.78x 1.69x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.77x 1.67x 1.56x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 7.48x 7.14x 6.56x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 8.97x 8.58x 7.9x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 9.61x 10.8x 10.3x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 10.4% 9.23% 9.72%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.48 0.488 0.506
Rate of return 1.38% 1.76% 1.47% 1.67% 2.06% 2.03% 2.06% 2.14%
EPS 2 1.5 1.36 1.84 1.76 1.74 2.073 2.262 2.569
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 23.2% 21.6% 19.7%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,670 2,809 2,956
EBITDA 1 508.9 466.6 589.1 563.3 596.4 630.5 656.1 704.9
EBIT 1 409.8 370 495.7 468.6 492.3 526.1 545.9 585.3
Net income 1 360.8 318.8 428.4 404.5 384.8 434.8 456.6 491.3
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -270 -306.8 -365
Reference price 2 34.85 27.27 32.66 28.73 23.27 23.68 23.68 23.68
Nbr of stocks (in thousands) 2,36,520 2,34,582 2,33,253 2,27,432 2,18,943 2,10,683 - -
Announcement Date 28/01/22 27/01/23 26/01/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.42x1.77x7.48x2.03% 498.9Cr
13.6x1.28x8.81x2.2% 389.08Cr
20.59x - - 4.02% 324.66Cr
14.76x0.92x6.66x1.6% 270.02Cr
11.48x0.5x4.69x3.88% 245.02Cr
18.19x2.5x12.21x4.33% 236.44Cr
18.71x - - 4.1% 229.67Cr
21.32x - - 0.94% 201.34Cr
Average 16.26x 1.40x 7.97x 2.89% 299.39Cr
Weighted average by Cap. 15.60x 1.43x 7.93x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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